Exporters Association calls for end of austerity after Budget 2014
Published 29/07/2013 | 09:54
THE Irish Exporters Association has called for an end to austerity budgets after 2014 as they called for more incentives for export-led businesses.
The body has called on Finance Minister Michael Noonan to state that October’s budget will be the last austerity one.
Just over €3bn is scheduled to be taken out of the economy in October and a further €2bn in the following one.
The IEA also called for the abolition of the pension levy in its pre-budget submission.
IEA chief executive John Whelan said the body has called for:
-No increase in the cost of employment for exporters
- a return to lower capital gains tax
- improve incentives for exporters
- no more income tax increases
- State expenditure reduction budget target of €1.9bn to be maintained
“There is a very strong case for a full blown effort to stimulate export growth in the 2014 budget,” he said.
“Each job created is worth approximately €20,000 to the Exchequer.”